Brexit: Only 39% of Portuguese exports will be exempt from duties
Published Jul 13, 2020
Tridge summary
Only 39% of national exports will be exempt from customs duties on entry into the British market, said Sara Santos, from the Directorate-General for Economic Activities, from the Ministry of Economy, referring to the new customs tariff, a, which will apply from 1 January 2021, if a free trade agreement between the European Union and the United Kingdom is not concluded in time.
Original content
The list of Portuguese goods that are tax-free includes medicines, chemicals, wood and cork, plastics, paper and pulp, aluminum products, iron, steel and their works, as well as machines and devices. The remaining 61% of exports will be subject to customs duties. "41% of national exports will be subject to duties above 5% or specific duties." This is the case of canned tomatoes, canned sardines and tuna, wines, textiles and clothing, footwear, cigarettes, ceramic products, glass, as well as vehicles and components, detailed Sara Santos in a promotion promoted by IAPMEI and the Directorate-General for Economic Activities on the new UK customs tariff. Everything will be done in stages, explained Maria João Botelho, from the Directorate-General for European Affairs, belonging to the Ministry of Foreign Affairs, at the same event on Brexit and exports to the British market. Customs controls and procedures will be reintroduced in three stages. From January 1, 2021, applied to common ...
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